Seohyun Accounting Corporation Successfully Concludes the 3rd Seohyun Energy Forum (SEF)

[Asia Economy Reporter Park Jihwan] PKF Seohyun Accounting Corporation announced on the 29th that it held the 3rd Seohyun Energy Forum on the 25th at the Seohyun Accounting Corporation's main conference room, with the theme of 'Carbon Capture and Storage (CCS) technology.'

The forum was attended by consulting headquarters executives including CEO Bae Honggi, who was appointed on the 1st of this month, Lee Seongo, Head of Energy Consulting Division, Kim Byunghwan, Head of Financial Advisory Division, as well as many prominent professors from the energy-related academic community. The forum chair was Professor Ryu Kwonhong of the School of Law at Wonkwang University.

On the day, presenter Professor Shin Hyundon of Inha University’s Department of Energy Resources Engineering stated, "Through a presentation on the concept and demonstration of carbon dioxide underground storage technology, it was emphasized that enhanced oil and gas recovery using carbon dioxide is already a widely used technology. He also presented estimates of the storage capacity of oil and gas fields worldwide, highly evaluating Carbon Capture & Storage (CCS) as an important method for carbon neutrality."

Discussants said that since the costs related to CCS (Carbon Capture Cost) are expected to continuously decrease, CCS will make a revolutionary contribution to carbon reduction. They also agreed that private companies are preparing to practically contribute to carbon neutrality in the energy sector and national greenhouse gas reduction, such as hydrogen supply through natural gas reforming, but there is consensus on the need to secure competitiveness in hydrogen pricing, the international upstream hydrogen market, reforming development, and domestic points.

Seohyun Accounting Corporation stated through the Seohyun Energy Forum that "it plans to continuously provide energy-related information and propose measures on current issues to energy-related companies in the Republic of Korea."

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